2017-07-13T07:41:42-05:00 2016-08-31 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2015-09-01 111788788 New York Institute of Technology % BARBARA HOLAHAN NEWY 5166867533 NORTHERN BLVD GERRY HOUSE Suite 200 OLD WESTBURY NY 11568 LEONARD AUBREY Treasurer & CFO 5166867533 2017-07-12 true Scott Thompsett P00741490 2125990100 2017-07-12 2015 2021-01-29 14:40:06Z Henry Foley PHD NORTHERN BLVD GERRY HOUSE OLD WESTBURY NY 11568 364883774 false X WWW.NYIT.EDU X 1955 NY PROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION; GIVE ALL QUALIFIED STUDENTS ACCESS TO OPPORTUNITY; SUPPORT APPLICATIONS-ORIENTED RESEARCH THAT BENEFITS THE LARGER WORLD. 18 17 3178 11 3910347 -966851 5403763 5621185 289726080 299301251 287821 1379093 3694651 4585309 299112315 310886838 44443672 47284678 0 0 141291661 145134013 0 38400 3021876 91286060 104386353 277021393 296843444 22090922 14043394 324054884 321957295 180593928 168403836 143460956 153553459 X New York Institute of Technology (NYIT) offers 90 degree programs, including undergraduate, graduate, and professional degrees, in more than 50 fields of study, including architecture and design; arts and sciences; education; engineering and computing sciences; health professions; management; and medicine. A non-profit, independent, private, and nonsectarian institution of higher education, NYIT has more than 10,000 students worldwide. Since 1955, NYIT has pursued its mission to: -Provide career-oriented professional education -Give all qualified students access to opportunity -Support applications-oriented research that benefits the larger world false false 273358889 0 291756808 NYIT provides undergraduate, graduate, and doctoral instruction to a diverse student population approximately 10,801 students attended the institution last year and 2,781 graduated. Our 10,000 students become engaged, technologically savvy physicians, architects, scientists, engineers, business leaders, digital artists, health care professionals, and more. With campuses in North America, China, and the Middle East as well as online, NYIT's student and faculty global exchange programs, unique experiential learning programs, and numerous extra- and co-curricular opportunities combine to create a unique, 21st-century learning experience. The Institute offers the following Schools and Colleges: College of Arts and Sciences College of Osteopathic Medicine School of Architecture and Design School of Engineering and Computing Sciences School of Health Professions School of Interdisciplinary Studies & Education School of Management The Institute offers the following degrees: Associate in Applied Science Bachelor of Architecture Bachelor of Art Bachelor of Fine Arts Bachelor of Professional Studies Bachelor of Science Master of Arts Master of Arts in Teaching Master of Business Administration Master of Fine Arts Master of Science Doctor of Physical Therapy Doctor of Osteopathic Medicine 2810646 0 3194243 NYIT's Academic Health Care Centers offer health and medical services to students, faculty, staff, and community members. The Centers are staffed by physicians from NYIT's College of Osteopathic Medicine -- one of the nation's most prestigious osteopathic medical schools -- as well as medical students who are preparing to enter various health professions. These primary care centers are operated in Old Westbury and Central Islip and are staffed by faculty from the Departments of Family Practice, Clinical Specialties, Osteopathic Manipulative Medicine, as well as physical, occupational, speech therapists and exercise physiologists. The Clinics are as follows: A. W. KENNETH RILAND ACADEMIC HEALTH CARE CENTER: This primary care clinic serves the Old Westbury, N.Y., campus and community using an advanced medical records database and board-certified physicians utilizing osteopathic manipulative medicine to treat a wide range of ailments. B. ADELE SMITHERS PARKINSONS DISEASE TREATMENT CENTER - This center is dedicated to Parkinsons disease treatment, community awareness, research, and ensuring that patients maintain the best quality of life. C. NYIT CENTER FOR SPORTS MEDICINE - this center offers injury evaluations, cardiopulmonary exercise testing, dietary and nutritional guidance, and other sports-related treatment. D. CENTRAL ISLIP FAMILY HEALTH CARE CENTER This 7,000-square-foot facility serves the Central Islip, N.Y., community and offers a wide variety of services, including: Acupuncture, Breast health, Clinical psychology, Family medicine, General internal medicine, Genetic counseling, Occupational therapy, Osteopathic manipulative medicine, Parkinsons disease treatment, Pediatrics, Physical therapy, Speech pathology and Tai chi. 5500768 0 4352989 NYIT's International Business Studies program promotes the internationalization of business education, guided by NYIT's mission of providing a career-oriented professional education, offering access to opportunity for all qualified students, and supporting applications-oriented research. We seek to develop institutional partnerships, resource integration, and interregional cooperation in pursuit of our international initiatives. Furthermore, we prepare students and other stakeholders for the challenges of working in an increasingly globalized business environment. Our International Business Studies program promotes the globalization of business programs by strengthening NYIT's international business curriculum and content, integrating contemporary and emerging global perspectives, and developing cooperative degree programs with reputable foreign universities to cultivate cross-cultural academic and professional opportunities. We seek to develop and strengthen connections with various business and professional organizations by engaging guest speakers from the international business field, encouraging alumni participation in school activities, and organizing business seminars, workshops, and forums, all designed to strengthen the career readiness and advancement opportunities for our students. We pursue collaborations with international corporations, colleges, and other nonprofit institutions to deliver an executive-level management education. These programs are designed to address participants' specific needs, are cohort-based in an intensive format, and have a practical orientation. More specifically, our management certificate programs, M.B.A. and Executive M.B.A. programs, and business consulting projects aim to service the business community. We promote career-oriented professional education, enriching in-class learning by developing study abroad programs, academic service opportunities, internship and practicum with overseas partners, and opportunities to join professional organizations and participate in professional conferences. Our program supports applications-oriented research that advances the knowledge of NYIT's international business students while encouraging collaboration among global partner institutions. 281670303 true true false true false false true false false true true true false false true true false true true true true false false true true false false true true true false false false false false false false false false false false false true true true false false false true X 261 0 true 3178 true true true true EG CA BA JO false false false true true false false false false X 18 17 false false false false false false false true true false false true true true true true true true true false X BARBARA HOLAHAN 5166867533 NORTHERN BLVD GERRY HOUSE RM 200 OLD WESTBURY NY 11568 X Dr Edward Guiliano President and CEO 60.0 0.0 X X 1229451 0 41500 Linda Davila CHAIRPERSON (Thru 09/2015) 5.0 0.0 X X 0 0 0 Bharat B Bhatt V. CHAIRPERSON (Thru 09/2015) 5.0 0.0 X X 0 0 0 Peter A Ferentinos TRUSTEE 5.0 0.0 X 0 0 0 Deborah Verderame Marciano TRUSTEE 5.0 0.0 X 0 0 0 Cristina L Mendoza ESQ TRUSTEE 5.0 0.0 X 0 0 0 Michael J Merlo Vice Chair (as of 12/2015) 5.0 0.0 X X 0 0 0 Ernie Anastos TRUSTEE 5.0 0.0 X 0 0 0 Gen Richard A Cody TRUSTEE 5.0 0.0 X 0 0 0 Robert E Evanson TRUSTEE (Thru 12/2015) 5.0 0.0 X 0 0 0 Alan C Guarino TRUSTEE 5.0 0.0 X 0 0 0 Peter J Romano Vice Chair (as of 12/2015) 5.0 0.0 X X 0 0 0 Kevin D Silva TRUSTEE 5.0 0.0 X 0 0 0 Robert A Wild ESQ TRUSTEE 5.0 0.0 X 0 0 0 PHILIP FASANO TRUSTEE 5.0 0.0 X 0 0 0 ITZHAK FISHER TRUSTEE 5.0 0.0 X 0 0 0 MONTE N REDMAN TRUSTEE 5.0 0.0 X 0 0 0 Roger Sawhney Trustee (From 12/2015) 5.0 X 0 0 0 Caroline Watteeuw Trustee (From 12/2015) 5.0 X 0 0 0 Sharon Greenberger Trustee (from 12/2015) 5.0 X 0 0 0 Jerry Bailey Trustee (From 09/2015) 5.0 X 0 0 0 Leonard Aubrey Treasurer and CFO 40.0 0.0 X 336499 0 41034 Catherine Flickinger Secretary and General Counsel 40.0 0.0 X 384593 0 40274 BARBARA J HOLAHAN CONTROLLER 40.0 0.0 X 216591 0 22833 Ibrahim Bodur VP IT and Infrastructure 40.0 0.0 X 269646 0 41034 Rahmat Shoureshi Provost and VP of Academic Aff 40.0 0.0 X 460977 0 35001 RONALD MAGGIORE VICE PRESIDENT 40.0 0.0 X 229519 0 29598 Jerry Balentine VP for Med Affairs&Glbl Health 40.0 0.0 X 569500 0 52477 John Elizandro VP Development 40.0 0.0 X 324557 0 33364 Wolfgang Gilliar Dean Medical School 40.0 0.0 X 382664 0 52342 Jess Boronico DEAN MANAGEMENT SCHOOL 40.0 0.0 X 334806 0 24000 Dr Anthony Martin Gerdes Professor & Chair 40.0 0.0 X 312425 0 41654 Barbara Ross-Lee VP Health Affairs 40.0 0.0 X 354602 0 30414 5405830 0 485525 334 false true false Allied Barton Security Services PO Box 828854 PHILADELPHIA PA 191828854 Security 2368026 Complete Learning Solutions 121 West 36th Street 342 NEW YORK NY 10018 Education Consulting 812071 WJ Regan Company LLC 767 Charnwood Drive WYCKOFF NJ 07481 Construction 689260 M Cary Inc 64 Toledo Street FARMINGDALE NY 11735 Construction 675429 Royall Company 1920 East Parham Road RICHMOND VA 232282206 Education Consulting 586258 21 54027 2557536 3009622 5621185 TUITION AND FEES 611600 277514120 277514120 ROOM AND BOARD 900099 9932488 9932488 CENTER FOR INTL BUSINESS STUDIES 900099 4352989 4352989 MEDICAL OUTREACH CENTERS 611600 3194243 3194243 ANCILLARY STUDENT SERVICES 721310 2662244 2662244 1645167 1645167 299301251 1187181 1187181 0 2790 2790 0 0 0 54123546 53931634 191912 191912 191912 22673 54027 65302 -42629 -42629 0 0 NYIT ON BROADWAY 900099 469931 326738 143193 CONFERENCING CENTER 900099 3583609 3583609 REIMBURSEMENTS (INTER-DEPARTMENT FEES) 900099 571608 571608 4625148 310886838 297210615 3910347 4144691 143511 143511 47141167 47141167 0 0 2230564 2127958 102606 0 104878943 100075934 4160352 642657 6239475 5953707 248331 37437 23252284 22187329 925441 139514 8532747 8141948 339603 51196 0 914727 878544 36183 337633 324127 13506 103142 92828 10314 38400 38400 57182 54895 2287 10153499 9114579 1012731 26189 4797445 4150083 172895 474467 7951058 7155952 556574 238532 0 0 24000776 23040745 960031 0 2588608 2336524 97355 154729 0 2729933 2464087 102670 163176 2895715 2800738 94977 0 16257638 15606471 651167 6731545 6428625 269262 33658 EQUIPMENT RENTAL AND MAINT 4448461 4270518 177943 INTERNATIONAL PROGRAMS 1416671 1360004 56667 HOSPITAL ROTATIONS 2373200 2278035 95165 RECRUITMENT EXPENSES 1925181 1925181 14703939 11616813 2065205 1021921 296843444 281670303 12151265 3021876 0 0 44079715 54621782 17722135 5612455 0 0 0 0 0 0 15349809 15544012 109610 0 3382262 2371318 323434790 152155994 142607163 171278796 47658370 54013977 21002152 16978512 0 0 0 0 32143668 1536443 324054884 321957295 36843205 35704066 0 0 57007614 59711918 60733323 0 0 0 0 0 0 0 0 0 26009786 72987852 180593928 168403836 X 136715239 146458886 4311006 4278019 2434711 2816554 143460956 153553459 324054884 321957295 X 14043394 880891 9759 -4841541 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 103142 103142 false false LOBBYING EXPENSES SCHEDULE C, PART II-B, LINE 1G The Institute does not engage in any direct lobbying activity itself; however, the Institute has engaged a third party consultant to advocate on various educational issues and to collaborate with key POLICYMAKERS IN THE EXECUTIVE AND THE STATE LEGISLATURE on issues important to the Institute. In addition, the Institute is a dues-paying member in various higher learning membership organizations (e.g. - Nacubo). A portion of these membership dues may be attributable to lobbying activities. X 1 32.00 1 1 1 false false 100498950 380849 2202801 25000 -321202 103378802 100551291 1681281 -1678622 55000 100498950 104325196 765114 7454273 25292 112519291 100798203 1425424 3226974 6000 1119405 104325196 93622898 2528150 4653155 6000 100798203 0.94000 0.03300 0.02700 false false 4798838 4798838 30870250 204236873 113554208 121552915 73904188 38601786 35302402 9624641 9624641 171278796 HEDGE FUNDS 12146465 F LIMITED PARTNERSHIPS 4832047 F 16978512 0 POST-RETIREMENT HEALTH BENEFIT 9587068 REFUNDABLE GRANTS AND US GOVT 16363284 TAXABLE BONDS 47037500 72987852 X 264569380 880891 -47198349 -46317458 310886838 310886838 249645095 249645095 47198349 47198349 296843444 CONSERVATION EASEMENT SCHEDULE D, PART II, LINE 9 NYIT reports conservation easements on the Balance Sheet as Investments in Real Estate at fair value. The Institute's Audited financial statements do not include a footnote describing its accounting for conservation easements. USE OF ENDOWMENT FUNDS Schedule D, Part V, Line 4 The Institute's endowment consists of investments in land and 36 individual funds established for a variety of purposes. The Institue's endowment funds are used primarily to support scholarships, but may be used to fund capital expenditures and other Institute projects. Form 990, Schedule D, Line 1(f) The ($321,202) entry on Line 1(f) represents a reconciling entry to record pledges that were not previously accounted for in Schedule D (even though they are recorded in the financial statement endowment footnote). FIN 48 (ASC 740) - INCOME TAX Schedule D, Part X, Line 2 THE COLLEGE FOLLOWS ASC 740-10 WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITIONS MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NEVERTHELESS, THE COLLEGE MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE TAX YEARS ENDED AUGUST 31, 2013, 2014, 2015 AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITION WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true Explanation of nondiscrimatory policy publication The New York Institute of Technology publishes its Statement of Non-Discrimination on its website at http://www.nyit.edu/about/statement_on_non_discrimination. In addition, the Institutes policy is published in a catalog that is made available to all students online and in all physical brochures sent to students. Finally, the Institute ensures that the policy is included within all of its advertising materials. GOVERNMENT AID The New York Institute of Technology receives governmental funding from the following two New York State programs: 1. High Needs Nursing Program 2. Bundy Aid These programs enable the Institute to provide student scholarships and to support research efforts. true East Asia and the Pacific 2 128 Program Services EDUCATION 3884230 Middle East and North Africa 1 69 Program Services EDUCATION 4415296 North America 1 44 Program Services EDUCATION 2445594 Central America and the Caribbean Investments 15344707 4 241 4 241 26089827 26089827 true false true true true true Schedule F, Part IV The New York Institute of Technology invests directly in various alternative investments that may be organized as either foreign corporations or foreign partnerships; it, likewise, invests in domestic limited partnerships that may, in turn, invest in foreign corporations or partnerships. Nevertheless, the Institutes investment activities may not reach the thresholds required for the filing of Forms 926, 5471, 8621, or 8865. To the extent that the Institute is required to complete one (or more) of these foreign forms, it is filed with the Institutes Form 990-T filing. X X X X X true Alveara Inc Northern Boulevard Old Westbury NY 11568 Fundraising Consulting false 0 38400 -38400 0 38400 -38400 NY GOLF OUTING 76700 54027 22673 42722 22580 0 76700 54027 22673 42722 22580 65302 -42629 true Penn State University 110 Technology Center Building University park PA 16802 546001718 170(c)(1) 82538 Research Michigan Technological University 1400 Townsend Drive Houghton MI 49931 386005955 501(c)(3) 19343 Research Feinstein Institute for Medical Research 350 Community Dr Manhasset NY 11030 112673595 501(c)(3) 14871 research Indiana University 107 S Indiana AvE Bloomington IN 47405 356001673 170(c)(1) 10940 Biomedical Research Western Suffolk BOCES 152 Laurel Hill Rd Northport NY 11768 116000131 170(c)(1) 15820 Educational Outreach 5 SCHOLARSHIPS 4786 47141167 GRANT MONITORING PROCEDURES Schedule I, Part I, Line 1 The grants department and the financial aid office oversee all grants, government loans and scholarship expenditures. All grant expenses are approved and reimbursed in accordance with University policy. An annual audit is conducted in accordance with governmental regulations. To the extent the Institute offers scholarships to its students, those funds may only be used to defray the cost of matriculation and may not be spent at the student's discretion. X X X true true X X X X X false false false false false false false true false Dr Edward Guiliano President and CEO 721133 0 125000 0 383318 0 24000 0 17500 0 1270951 0 0 0 Leonard Aubrey Treasurer and CFO 320686 0 7041 0 8772 0 24000 0 17034 0 377533 0 0 0 Catherine Flickinger Secretary and General Counsel 321135 0 57041 0 6417 0 22774 0 17500 0 424867 0 0 0 John Elizandro VP Development 311338 0 6802 0 6417 0 9051 0 24313 0 357921 0 0 0 Wolfgang Gilliar Dean Medical School 374444 0 8220 0 0 0 24000 0 28342 0 435006 0 0 0 Jess Boronico DEAN MANAGEMENT SCHOOL 307824 0 23482 0 3500 0 24000 0 0 0 358806 0 0 0 Dr Anthony Martin Gerdes Professor & Chair 305744 0 6681 0 0 0 15434 0 26220 0 354079 0 0 0 Barbara Ross-Lee VP Health Affairs 347060 0 7542 0 0 0 21676 0 8738 0 385016 0 0 0 Ibrahim Bodur VP IT and Infrastructure 257613 0 5616 0 6417 0 24000 0 17034 0 310680 0 0 0 Rahmat Shoureshi Provost and VP of Academic Aff 410149 0 8990 0 41838 0 24000 0 11001 0 495978 0 0 0 BARBARA J HOLAHAN CONTROLLER 208591 0 4500 0 3500 0 22833 0 0 0 239424 0 0 0 RONALD MAGGIORE VICE PRESIDENT 218330 0 4772 0 6417 0 21183 0 8415 0 259117 0 0 0 Jerry Balentine VP for Med Affairs&Glbl Health 551045 0 12038 0 6417 0 24000 0 28477 0 621977 0 0 0 TRAVEL AND HOUSING BENEFITS Schedule J, Part I, Line 1A NYIT is a global university with campuses in New York (Manhattan and Long Island), China, Canada, and the Middle East, and, as such, the president is required to engage in extensive international travel. The president travels with above standard accommodations (e.g., business or first class). The university also makes a car and driver available to the president for travel between campuses. These accommodations are used for business purposes only and are not treated as taxable compensation. Like most universities, NYIT requires the president to utilize the president's residence for University functions, many of which occur in Manhattan. However, unlike most Universities, NYIT does not maintain presidential campus housing. NYIT provides a housing allowance to the president to maintain a residence for personal and University functions. OTHER TAXABLE COMPENSATION RECEIVED BY THE PRESIDENT IN CALENDAR YEAR 2015 INCLUDED A $302,068 HOUSING ALLOWANCE AND A $81,250 AFTER-TAX CONTRIBUTION TO AN ANNUITY ACCOUNT. The Provost, likewise, received a housing allowance of $33,649 in calendar year 2015. SCHEDULE J, PART I, LINE 7 AND PART II, COLUMN (B)(II) THE PRESIDENT'S REPORTABLE COMPENSATION INCLUDES BONUS AND INCENTIVE COMPENSATION EARNED BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA. THE DECISION TO AWARD THE PRESIDENT WITH A BONUS RESTS WITH THE BOARD OF TRUSTEES AND THAT DECISION IS DOCUMENTED IN BOARD minutes. OTHER OFFICERS AND KEY EMPLOYEES REPORTED ON SCHEDULE J, LIKEWISE, RECEIVED A BONUS IN CALENDAR YEAR 2015. AMOUNTS DISCLOSED AS A BONUS INCLUDE A PORTION OF REGULARLY BUDGETED COMPENSATION FOR ALL ADMINISTRATIVE STAFF THAT IS CONSISTENT WITH A CONTRACTUAL PERCENTAGE PAYMENT PROVIDED TO FULL-TIME FACULTY UNDER A COLLECTIVE BARGAINING AGREEMENT. THE ACTUAL AMOUNT DISTRIBUTED TO ADMINISTRATIVE STAFF IS SUBJECT TO SOME ANNUAL DISCRETION AT THE DIRECTION OF THE PRESIDENT AND SENIOR MANAGERS. Finally, the bonus reported for the General Counsel and Secretary represents a fixed bonus (distinguishable from the bonuses referenced above). FORM 990 REVIEW Form 990, Part VI, Line 11a The INSTITUTE'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH BOTH THE INSTITUTE'S FINANCIAL DEPARTMENT AND ITS MANAGEMENT TEAM. THE 990 is reviewed by the Chief Financial Officer, President AND General Counsel PRIOR TO SUBMISSION TO THE FULL Board of Trustees. THE BOARD OF TRUSTEES IS PROVIDED AMPLE TIME TO REVIEW AND COMMENT ON THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST REVIEW Form 990, Part VI, Line 12c Officers, Vice Presidents and certain other employees, particularly employees involved with the procurement of goods and services, are required to submit annual disclosure forms to the General Counsel, and to submit updated forms in the event that there is any change in the time period between the submission of the annual forms. With respect to any disclosed conflicts, the General Counsel will consult, (as appropriate), with NYIT management such as the President, Chief Financial Officer, Internal Audit Director, and, if necessary or advisable, the Chair of the Board of Trustees Audit Committee. The General Counsel will recommend to the President and, if indicated, the Chair of the Audit Committee, such steps as may be appropriate to manage the conflict of interest. Any conflicts of interest relating to officers or key employees, whether reported on the annual forms or otherwise, will be reported by the General Counsel to the Audit Committee of the Board of Trustees. COMPENSATION REVIEW Form 990, Section B, Line 15 NYIT's Board has a Personnel Committee of independent trustees, who reviews the compensation of NYIT's President at contract renewal intervals. The last such renewal was in 2013. The Personnel Committee is advised by independent compensation consultants and reviews compensation data from similar organizations to ensure that NYIT does not compensate in excess of market norms. Compensation of other key employees and officers of the corporation are determined upon hire by market reviews conducted by the President and other senior managers, who may consult further with Human Resources and external consultants. Annual increases for key employees and officers are based on budget parameters and review by the President or Human Resources. Contemporaneous substantiation for compensation levels of the President, key employees or officers will be maintained by the Office of the President or Human Resources. DOCUMENT AVAILABILITY Form 990, Part VI, Section C, Line 19 The Institute's Form 990 is available on the internet at www.guidestar.org. In addition, the Institute makes a copy of its form 990 available at its place of business. Governing documents, conflict of interest policies and financial statements are available upon request and at management's (the General counsel) discretion. Form 990, Part VII President & CEO Dr. Edward Guiliano served in that capacity through September of 2016 (thus exceeding the period covered by this Form 990). The Institute's current President, as of the filing date of this Form 990, is Henry Foley, PH.D. Dr. Foley did not serve the Institute in the period covered by this return and therefore he is not reported on Part VII of the Form 990. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Change in Postretirement Program: $(1,833,266) Loss on Bond Refinancing $(2,644,525) Real Estate Loss (Unrealized) $ (363,750) ------------ Total Other changes: $(4,841,541) NYIT Global LLC Northern Blvd Gerry House 200 Old Westbury NY 11568 472303439 INACTIVE NY 0 0 NYIT WHEATLEY ADVERTISING INC NORTHERN BLVD OLD WESTBURY NY 11568 112359770 ADVERTISING NY NYIT C 9727 33 1.00000 true false false false false false false false false false false false false true true true false false false false